This article is adopted pursuant to Real Property Tax Law § 458-b
for the purpose of providing a partial exemption from Town of Delaware
real property tax to cold war veterans and qualified owners of qualified
residential real property in the Town of Delaware.
The terms "Cold War veteran," "armed forces," "active duty,"
"service connected," "qualified owner," "qualified residential real
property," "latest state equalization rate" and "latest class ratio,"
as used in this article or as used in the application of this article,
shall have the same meanings ascribed to such terms in Real Property
Tax Law § 458-b(1).
[Amended 2-14-2018 by L.L. No. 1-2018]
The exemption from taxation provided by this article shall be
subject to the limitations set forth in Real Property Tax Law § 458-b(2)(c)(ii)
and (iii), except the exemption shall apply to qualified owners of
qualifying real property without regard to the ten-year limitation
otherwise provided for in Real Property Tax Law § 458-b(2)(c)(iii).
Application for the exemption from taxation provided by this
article shall be made in conformance with the requirements of Real
Property Tax Law § 458-b(4).